One of the themes of 2021 was that it was the year of the ‘Great Resignation’’ with workers quitting their jobs at historic levels.
This was most pronounced in the US. Earlier this month the Labor Department reported that in November 4.5 million people quit their jobs. At the end of December there were 10.6 million job openings versus 6.9 million unemployed people. Similarly, according to the ONS's Labour Force Survey, resignations in the UK are at their highest point on record. There are multiple reasons why people quit their jobs. Typically, it is an expression of optimism and there is certainly evidence of people moving to a similar role in the same industry for more money. The industries most affected by t...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes